Ahmedabad ITAT directs tax authorities to re-verify V N Exports’ books for demonetization cash deposits, citing prior rulings on cash sales by jewelers. A key verdict on unaccounted income.
Delhi High Court dismisses appeals, reiterating Supreme Court ruling that payments for software use/resale are not royalties under Indian tax law. No TDS liability.
Madras High Court held that restrictions imposed under Rule 36(4) of the Central Goods and Services Tax (CGST) Rules, 2017 and Tamil Nadu Goods and Services Tax (TNGST) Rules, 2017 is not violative of Article 14 of the Constitution of India. Accordingly, writ petition dismissed.
Mumbai ITAT rules against taxing gross receipts of a trust that lost Section 11 exemption, mandating only net surplus be taxed after allowing expenses. Case remitted for re-computation.
ITAT Delhi held that assessment order passed by AO under section 153C read with section 143(3) of the Income Tax Act is passed beyond prescribed time limited. Hence, the order barred by limitation is liable to be quashed.
Maharashtra grants Tata Motors Passenger Vehicles Ltd. an e-way bill waiver for road testing of vehicles, subject to specific documentation and procedural compliance.
Calcutta High Court upholds Tribunal’s decision, dismissing revenue’s appeal in Mallcom VSFT Gloves case regarding Section 68 addition of Rs. 5.07 Crores.
IBBI dismisses appeals seeking opinions on IBC provisions for CIRP projects and home buyer rights, stating RTI does not cover legal advice.
Calcutta High Court rules GSTR-1 and GSTR-3B discrepancies don’t allow direct tax recovery under Section 75(12) of the CGST Act if GSTR-1 data is included in GSTR-3B.
Understand tax deductions for paying family’s home or education loans. Learn conditions for claiming benefits, including borrower and ownership requirements.
